BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The ESIC has approved a new scheme-Atal Bimit Vyakti Kalyan Yojna for Insured Persons covered under the Employees’ State Insurance Act. What is the full form of ESIC?
A
Employees’ State Insurance Corporation
B
Employees’ State Insurance Company
C
Employees’ State Insurance Council
D
Employees’ State Investment Corporation
Explanation: 

Detailed explanation-1: -Submission of claim for relief The claim for Relief under ABVKY may be submitted by the claimant anytime after being rendered unemployed, but not later than one year from the date of unemployment to the appropriate Branch Office in form of affidavit in prescribed Form (AB-1).

Detailed explanation-2: -IAS Exam Latest Updates. ABVKY stands for Atal Bimit Vyakti Kalyan Yojna. It is a welfare scheme being implemented by ESIC (Employee State Insurance Corporation). Earlier, this scheme was introduced on July 01, 2018, to help those who have become unemployed due to changing conditions of employment generation.

Detailed explanation-3: -What Is Not Covered Under Employees State Insurance Scheme? The ESIC scheme currently does not cover workers or employees earning more than Rs.21, 000 per month and in the case of persons with a disability, the maximum wage is capped at Rs.25, 000 per month.

There is 1 question to complete.